NATWEST GROUP PLC -SPON ADR (NWG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NWG - US6390572070 - ADR
We assign a technical rating of 10 out of 10 to NWG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NWG is showing a nice and steady performance.
- In the last month NWG has a been trading in the 16.80 - 18.19 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that NWG is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, NWG also shows a nice and consistent pattern of rising prices.
- NWG is part of the Banks industry. There are 383 other stocks in this industry. NWG outperforms 96% of them.
- NWG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NWG is lagging the market slightly.
- NWG has an average volume of 2247560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although NWG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.42
We found 5 important support areas.
- Support @15.58 from a trend line in the daily time frame.
- Support @14.86 from a horizontal line in the daily time frame.
- Support @14.40 from a trend line in the daily time frame.
- Support @13.62 from a horizontal line in the daily time frame.
- Support @11.54 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.82 to 18.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NWG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NWG is neutral. |
| ChartMill Relative Strength | 91.36 | POSITIVE | NWG has a high relative strength, it outperformed 91.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NWG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NWG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NWG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.3 | NEUTRAL | The RSI value for NWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests NWG has a negative trend. |
| Stochastics (14,3) | 17.45 | OVERSOLD | The low Stochastics value suggests NWG may be oversold. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for NWG suggests low volalility. |
| Average Directional Index/ADX (14) | 20.09 | NEUTRAL | The ADX value for NWG suggests a possible start of a new trend. |
16.96
-0.38 (-2.19%)
NATWEST GROUP PLC -SPON ADR / NWG FAQ
Can you provide the ChartMill technical rating for NATWEST GROUP PLC -SPON ADR?
ChartMill assigns a technical rating of 10 / 10 to NWG.
What is the current trend direction of NATWEST GROUP PLC -SPON ADR (NWG) stock?
The current trend direction for NATWEST GROUP PLC -SPON ADR (NWG) is Bullish.
Can you provide the RSI signal for NATWEST GROUP PLC -SPON ADR?
NATWEST GROUP PLC -SPON ADR (NWG) has an RSI value of 47.2973. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NATWEST GROUP PLC -SPON ADR?
The MACD indicator for NATWEST GROUP PLC -SPON ADR (NWG) has a value of -0.120386, indicating a bearish trend.
What is the short term momentum for NWG stock?
The short term momentum for NATWEST GROUP PLC -SPON ADR (NWG) is neutral.